American Apparel Sold To Canadian Company For $88 Million

The 19-year-old company American Apparel has been bought by Gildan, a Canadian apparel company, for $88 million. Gildan will reportedly pay an extra $15 million to acquire the company‚Äôs inventory and purchase orders. On Thursday, a bankruptcy court in Delaware approved the sale of American Apparel to a Canadian apparel company, Gildan, for $88 million. […]